The Depot Artists Assoc
- Assets
- $166.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Abingdon, VA
- Founding
- 07/1985
- Data as of
- 06/2024
- EIN
- 52-1384006
Organization Overview
The Depot Artists Assoc is located in Abingdon, VA. The organization was established in 1985. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Depot Artists Assoc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Depot Artists Assoc generated $86.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $89.8k during the year ending 06/2024. While expenses have increased by 4.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE DEPOT ARTISTS ASSICAITON IS TO PROMOTE & SUPPORT REGIONAL ARTISTS AT THE ARTS DEPOT THR WORKING STUDIOS & GALLERY EXHIBTS & TO PROVIDE EDUCATIONAL OPPORTUNITIE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa May Director | 9.82 | $7,399 | |
Karen L Moore Employee | 28.72 | $32,100 | |
David Collins President | 1 | $0 | |
Don Baker Director | 1 | $0 | |
Greg Howser Director | 1 | $0 | |
Mary Margaret Justis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,891 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,470 |
| Investment income | $409 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,170 |
| Other Revenue | $10,057 |
| Total Revenue | $86,223 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $52,709 |
| Professional fees and other payments to independent contractors | $8,740 |
| Occupancy, rent, utilities, and maintenance | $9,640 |
| Printing, publications, postage, and shipping | $3,774 |
| Other expenses | $14,902 |
| Total expenses | $89,765 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,311 |
| Other assets | $0 |
| Total assets | $166,080 |
| Total liabilities | $4,170 |
| Net assets or fund balances | $161,910 |